At the start of 2020 the Hungarian economy was experiencing strong growth with above average growth in packaged food sales in retail volume and retail value compared to other EU countries. Thanks to low unemployment and household’s strengthening purchasing power, many Hungarian households entered the pandemic period in good financial standing....
Packaged food sales in Finland in 2020 are set to be heavily impacted by COVID-19. The government’s response to the virus has been the most important factor driving or depressing sales. Workers were advised to work from home as much as possible and all schools and universities were closed from 16 March, in addition to the shuttering of state-run...
Many areas of packaged food benefited from stockpiling in early-2020 in response to concerns over potential product shortages due to the impact of the COVID-19 pandemic. Many consumers also stocked up as they sought to minimise shopping trips away-from-home. This led to a surge in demand in early-2020 for products including rice, packaged...
China’s demand for Packaged Food has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
In 2020, the effects of national lockdown on consumer behaviour have led to a reversal in the poor performance of retail packaged food. From 2015 to 2019, sales of packaged food in retail volume terms decreased because of falling purchasing power and rising unemployment. However, in 2020 the situation has been completely different, with COVID-19...
During 2020, the government of Azerbaijan implemented strict rules to limit the transmission of COVID-19, including a lockdown. Borders were closed, gatherings were prohibited, citizens were confined to the home, educational institutions were shut, businesses were closed except for business providing services deemed essential such as grocery...
Due to the outbreak of COVID-19 in Switzerland, the government installed regulations and restrictions from 13 March, prohibiting large gatherings. On 16 March, non-essentials shops and entertainment locations were closed, including foodservice outlets. Foodservice venues were closed for dine-in customers until May, only able to provide takeaway...
Packaged food will see a significant impact from COVID-19 in 2020 with drastically reduced revenue takings. This was largely due to the temporary closure of bars and restaurants from mid-March to mid-May, which was imposed to reduce the spread of the virus. After May, the venues were allowed to reopen provided social distancing restrictions...
The COVID-19 pandemic has had a significant impact on the Thai packaged food market in 2020. The closure of foodservice channels and the imposition of a curfew had a marked negative effect on sales of packaged food in the on-trade environment during the early part of the pandemic. Packaged Food in Thailand report offers a comprehensive...
In 2020, sales of packaged food in Ireland in retail are expected to perform well, anticipated to post higher current value growth than was seen in 2019. Stockpiling during the early months of lockdown heavily encouraged sales of long-expiry products such as canned vegetables, frozen meat, milk formula or dairy. Packaged Food in Ireland...